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today on the nature of price movements on the daily chart you can count on 97.55 last week so at a lower time frames to each local Hai consider only sales in the short term intra-day trade. And can go below purpose as the MACD on the daily chart today shows seem to be the beginning of the southern movement and the continuation of a trend at the moment.
My daily trading,I hope the day is a success ...
USD/JPY (Daily Trade)
Open : 0.9830
Resistance : 0.9885 0.9905 0.9935
Support : 0.9760 0.9740 0.9710
High / Low : 0.9860 / 0.9785
Range : 75 pips
Running Price : 0.9812
for intraday trade today suggest SELL at the level 0.9812, stop loss at the level 0.9885, target take profit at the level 0.9740 or TP 0.9710
===GOOD LUCK===
Couple in spite of everything continues south decline (repulsed a little earlier from the top of the channel), the first goal for the Bears think will be horizontal support 97.70 (breakthrough which could bring a couple more lower-right up to the bottom of the channel-figure 97.00), also continue to work off southern signal MACD.
Usd/jpy technical analysis
date : 08.06.2013
time : 11:00 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 39.55
2) MACD (26,12,9)
value: 0.0385
3) ADX (14)
value: 24.01
4)CCI(14)
value: -84.87
overall trend - slightly bearish.
The pair is still under strong selling pressure, which concentrated their forces in the area of moving an alligator, a few hours ago, there was clear it from the blue-moving (point rebound 98.57), but the bottom is not punctured a strong support level 97.70 (breakout of this zone should finally open 97.00 the figure.).
As you see in my following attached chart, the pair traded between a high of 99.14 and a low of 98.18 closed at 98.30. Today the pair trades below the resistance line of 99.60.
Downside Scenario: USDJPY could decline into the levels of 97.85, then 97.20, if the resistance line of 99.60 holds.
Upside Scenario: upside penetration of the resistance line of 99.60, could help the pair to see the levels of 100.45, then 100.90
http://1.bp.blogspot.com/-6UW5JGt_1v.../s1600/jpy.jpg
USD/JPY analysis by using pivot indicator. (H4)
R3 99.502
R2 99.133
R1 98.904
pivot 98.535
S1 98.166
S2 97.937
S3 97.568
USD/JPY Trading Signal - 6/8/2013 - 08:00 GMT+3 60min CHART
Downwards Strong
Waiting for a retracement higher towards the 98.70 resistance level in order to reinstate SHORT positions.
http://dl.dropbox.com/u/51561036/scr...806-204933.jpg
The following data is predicted based on indicators that we use for the currency pair USDJPY today, for today's resistance levels as follows: RI (99.13) R II (99.56) R III (99.91). and to this day support levels as follows: SI (97.83) S II (97.56) S IIII (96.96)
recommendation:
place your sell stop at 98.36 target profit at 98.16 (Seller zones)
place your buy stop at 98.76 profit target at 98.96 (buyer zone)
the pair trade down the down trend in 1h chart
stochastic refers to down way
so the pair will continue to down way
http://www13.0zz0.com/2013/08/06/13/389975207.png